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KOFY
Nov 8, 2012 11:30am PST
concrete evidence that the economy is coming back and can support a huge mall. look at the line at starbucks one hour before the mall opened with >> brand new outlet store in the bay area we live in tracy we don't have many things close by. we have been waiting and anticipating for in mall to open. >> reporter: predictions are traffic on the 580 will be clogged throughout the grand opening weekend. mall executives have made plans to try and accommodate the crowd. >> we've created auxillary parking lots. we know there's a lot of excitement, we want to minimize the impact on 580. >> reporter: the mall has 130 stores and restaurants, all big brands, we did find one family owned walnut creek these big names. the owner is excited and a little nervous about the number of shoppers here in the big leagues. >> they tell me 140,000, i have no concept what that is. we are going to do the best we can and it is going to be a learning experience for us. >> reporter: i kept you in mind, the deals are good i've seen 50%, 60% off of already low prices bloomingdale's seems to be the most popular the
ABC
Nov 7, 2012 6:00pm PST
selloff raises new questions about the health of the u.s. economy. >> and the g.o.p. offers an olive branch. the president hoping to >> the second honeymoon is over for president ob yaum yachl the fish credit rating agency warned of a down grade today. the worst one day loss in almost a year, so what do the next four years hold in store for the economy? >> by somest meats, 6s billion was spent on the presidential campaign. now will there be a shot in the arm for the economy?yp" >> the economy is just limping along. there are same leaders at the white house]y:eu, where s the change? >> the big selloff seemed to send a message. ash wagner owns a small business in campbell. >> i know several friends started selling stock this morning. >> what did that tell you?. >> that people are not excited about the future of our economy. >> wagner's company has 14 employees. he hopes to expand next year. he doesn't want to bring new later. means less money left tom"c build more jobs. >> the ceo of a software company is hoping the divide in congress can be bridged. >> this is an opportunity to brin
ABC
Nov 12, 2012 6:00pm PST
key driver of the south korean economy. making up 40% of the trade w out the components, americans might not have smart phones or tv monitors. >> this is under celebrated fact that the technology purr vais homes of most americans.. >> the agreement is paving the way for more investmentvc'e÷ and partnerships between silicon valley and core rea. 500 companies are showing off their latest technologies, at a two-day conference. nancy developed in a -- california tech firms see koreas as a partner. joaquin sold his company for the energy industry. >> korea is a great launch pad. very innovative. a great track record, u.s. companies are teeming with large companies like lg, samsung to be the launching pad to be a spring board for the world. >> samsung is a electronics giant but has been engaged in a legal battle with apple over patents. the deputy minister for the knowledge economy is reluctant to answer questions whether the legal dispute will hurt efforts. >> to they can bring more. >> the interpretor says korea has goals. >> we want to promote more vigorous exchanges and investments
ABC
Nov 14, 2012 11:00am PST
. so long as it's advancing the cause of strengthening the middle class and improving the economy. i have good relationships with folks in the house and senate. i have a lot of relationships on both sides of the aisle. it hasn't always manifested itself in the kind of agreements i would like to see between democrats and republicans. and so, think all of us have opponen responsibility of things to see if we can improve on. i need to see if i can improve our working relationship. probably some very sharp differences still. and as i said in the campaign, there will be times where there are fights. think those are fights that need to be had. but, what i think the american people don't want to see is a focus on the next election instead of a focus on them. and, i don't have another election. and you know, michelle and i were talking last night about, you know, what an incredible honor and privilege it is to -- to be put in this position. and there are people all across the country, millions of folks who have worked so hard to help us get elected. but there are also millions of people that
ABC
Nov 7, 2012 5:00pm PST
. they're stocking shelfs and say retail is a good indication of an economy. if this is the case then this is all positive. no one said lowering it could be easy. it's hard work. >> in 2010 i was a labor on a construction site. i'm used to digging ditches. this is nice. >> so today they helped open an aces outlet. one of 130 new stores debutting tomorrow with the new paradgs gon mall. figure 2000 jobs because of it and four years ago we saw revenues drop to%. we took a $16 million hit from $85 million to $70 million. so that is a drop. >> this was a differents a couple months can make. nouf standing in lines has begun to pay off. >> when? expecting not much. >> it's discouraging. it's depressing. >> yes. there is a job with a small operator out of work more than two months. this that worry is gone. >> i can see this mall going up with these amazing stores and that is to me, a sign of hope. >> and just in time. whether a judge student or a money hoping to keep her life up. >> i've got a 21-year-old boy in college. mama needs to make her mortgage. >> livermore's rate is much improved ov
ABC
Nov 10, 2012 8:00am PST
political leaders to finally do something. >> if we do nail this down, i think the economy is off and running. we're just one piece of legislation from a much stronger economy. >> getting that one piece of legislation may prove difficult. the president says voters picked his path but the house speaker points out that they returned a republican house. david curly, abc news, white house. >>> an official accusation and abuse of power by a hercules councilman. councilwoman is in hot water with fellow council members for silence ago resident over blog posts she believed was critical of her. they accuse her of interfering with a premeditated and conspiring manner, end quote. >>> new this morning, the financial benefits the golden state warriors would bring to san francisco are estimating $54 million and that is just for starters. warriors plan to build a 17,000 arena at pier 32. a new study projects $54 million in one time revenue and $19 million each year after that. the estimate assumes they would hold events outside of basketball season. >> only on abc7 news we have learned the back stor
ABC
Nov 9, 2012 6:00am PST
plunge the economy back into resection. the president will be asking congressional republicans and democrats to work together to tackle the fiscal problems. he will be speaking from the white house 10:00 our time and you want to stay with abc7 morning news at 6:15 we go live to washington, d.c. for a preview of today's remarks. >>> traffic and weather together, next. here's a live look outside, golden gate bridge, looks like there might be a little mist nothing like the storms we had overnight. meteorologist mike nicco will tell you where those storms are going using live doppler hd. >>> also ahead, alaska airlines debuts a new fleet of aircraft. [ unintelligible ] >>> welcome back. one shower moving through the heart of san jose heading towards lincoln and almaden sliding to the south and east you can see it is going to head down 101 possibly to morgan hill as it heads into the higher country it is going to produce snow we talked about hail possible this was from hayward last night at about 1:50 in the morning this is from castro valley this these still shots here that thunderstor
ABC
Nov 9, 2012 4:30am PST
economy back into resection. the president will ask republicans and democrats to work together. he will speak from the white house at 10:00 this morning, our time, about tax increases and spending cuts that will come automatically if congress doesn't act before january 1st. more coming up in the next half hour. >>> new report shows bay area job market should expand more quickly. the bay area -- job totals should expand by 7.2% overall. professional and business services will grow the most quickly over two years. education and health care are expected to grow by 10%, leisure and hospitality will expand by 9%. the only bay area job losses are expected to come from government agencies. >>> moraga school board president has abruptly resigned hours after winning reelection tuesday. the district superintendent e-mailed parents last night about the resignation, effectively immediately. the school district has been receiving criticism over its handling of a sex abuse lawsuit. kristen cunnane is suing for the covering up of sex abuse years ago by teachers. the district stayed her carelessne
ABC
Nov 12, 2012 4:00pm PST
was inside that have home at the time of the blast. >> as u.s. economy continues to work its way on a come back here, silicon valley is turning to south korea for help, south korea is seeking u.s. partners. david louie is live in santa clara. >> a lot of silicon valley companies like to arefer to south korea as a vision of the future where virtually every one has access to broad band connections and 90% of the people using publication transit pay fares dus using smart phones or smart cards. >> technology is a key driver of the south korean economy, making up 40% of the trade. without components it makes americans might not have smart phones. >>bb3y it's an under celebrated fact that korean technology surveys hopes and pockets of most americans. >> the freed trade zbreemt paving the way for more investment and partnerships between silicon valley and korea. 500 companies are showing off their latest technologies at a two-day confer yens in santa clairea. all the fun california tech firms see korea as a partner that can help them develop their technology. the company makes wireless sy
ABC
Nov 11, 2012 9:00am PST
deadline when temporary tax cuts intended to rejuvenate the economy expire. president obama is asking the wealthiest americans to pay more in taxes to help cut the taxes. republicans say raising taxes on business owners would only eliminate more jobs. >> what has been the missing ingredient in congress to date has been the revenue. and to make sure that it is fairly distributed and the wealthy pay their fair share. that is what we face right now. if our republican counter parts can step forward with that revenue piece, we will be able to find a solution. >> president obama said two years ago now is not the time with a sluggish economy to raise taxes. we need to consider the fact that the folks he is talking about raising taxes on are the job creators, the small business community. >> doing nothing means the tax cuts would expire for everyone and the typical american family would pay about $2,000 more in taxes next year. >>> we are learning new details this morning about the shocking scandal that has force the the head of the cia to resign. >> it was affair between petraeus and his bio
ABC
Nov 14, 2012 4:00pm PST
linkedn lower, i'm nicole lapin with bloomberg west. >> economy is picking up whit cups to holiday hiring. a survey shows 48% of retail man fwerz plan to hire more seasonal workers than last year. companies up like this job fair sponsor bid abc. employers from snappel to management services were there, advertising jobs. >> it's been increased amount of activities. it's the holiday season.ab1t and affects retail business. >> we're wrapping up to recruit more folks. there is going to be an increase in jobs. >> the fares are a good opportunity to have an expert critiquer1fyñ and refine resume. for more information you can go to our web site. >> we're enjoying warmth before the storm. >> spencer is here. >> how many days do we have? >> well... one? >> yes. yes. >> that would be not much. >> it's not going to get nasty. rain arrives early friday. and lovely conditions and mainly blue skies and broken high cloud or areas around. clear skies that is also evident looking at live doppler 7 hd. those are clouds off shore. that is a lot to change during overnight hours into tomorrow. clouds
ABC
Nov 9, 2012 6:00pm PST
a measurement of the need that exists as theomq economy improves hunger in the heart of silicon valley. >> you've heard of overloading your washing machine. what about under loading? ahead on 7 on your side a machine won't do small loads. >> remember the yacht that >>> taxes and spending connecticut at the first of the year. today the president is campaigning for what he hopes will be a grand bargain for republicans in congress. >> president obama learning from his mistake, isn't asking the nation to weigh in this time around. speaking from the east room, the president's message was simple. >> we can't just cut our way across f we're serious about reducing the deficit we have to combine spending cuts with revenue. that means asking the wealthyest americans to pay a little more in taxes. >> president obama made that argument a central theme of his campaign. now, he says it's up to congress to follow the will of the majority. at lefty odoule's locals and tourists watched then agreed tax cuts for people making more than $250,000 ought to expire. >> i've been a supporter of it. >> i
ABC
Nov 8, 2012 6:00pm PST
-- lift the economy. it's the first outlet mall to open in californiag, in more than 10 years. be patient. >> yes. that is remarkable. >> san francisco authorities are promising to go after anyone they can find who is part of world series celebrations that got out of control. to that end the second person arrested for vandalizing a muni bus appeared in court. tonight, the story, he's a teenager. >> yes. he's just 19 years old. he remains in custody tonight with bail set at $40,000. today, through his attorney, he pleaded not guilty.[[y nicholas hudson did not speak today. >> what is alleged with respect to mr. hudson's specifically? >> the 19-year-old faces two charges. vandalism, tampering with a transportation vehicle. a muni bus, police say during celebrations, several vandals smashed, trashed and set this bus on fire at market and third. today, the assistant da calls this conduct disgusting.óñañ she said hudson is a known member of a gang, on a probation hold in san mateo county. the teenager's attorney says she just got the case ask could not comment. ng to police the public throu
ABC
Nov 16, 2012 5:00am PST
arrive or depart today. more people are expected to travel because of the improving economy. sfo says they expect to see a 3% increase. >> eric: you might want to brace yourself for delays at sfo because we have rain moving into the area. >> kristen: mike nicco is looking to see where the rain is now. >> if you have flight tracker at the bottom of every page at abc7news.com. here is a look at san francisco from coast to bayshore line. we have wet weather, light rain. we saw an update. this green means it's very light. you see daly city, south san francisco, pacifica getting a little light rain. headed down to burlingame, down to santa clara, foster city coming off the bridge. we're seeing a little light rain moving into 92 as you head over to half moon bay. wood land avenue, embarcadero road showing some light rain there. as you cross the dumbarton bridge, all the way up to niles boulevard in fremont, a little bit of light rain also. this is just the beginning. you can see more and steadier rain is going to move in over the next half-hour or so. all of us will get wet weather by 7:00
ABC
Nov 8, 2012 5:00am PST
. economy back into recession. katie marzullo live in the newsroom in is going to take compromise. >> reporter: -- skeptical they are going to do it, lawmakers have not found much common ground over the past four years washington remains almost unchanged after the election. president obama has already talked with the top four leaders in the house and senate on the phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, ho
ABC
Nov 13, 2012 5:00am PST
because of the improveing economy. aaa will also tell us what to expect in the way of gas prices, air fares and hotel costs. gas prices are looking better. >> much better. $3.75 where i get mine, 75 cents less than it was at its peak. >> my parents are driving from atlanta that cost them a lot, i'm glad to see it go down. more for the grandchildren. >> good, i was trying to save you. >> i appreciate it. 5:18. good morning, beautiful picture from vollmer peak, emeryville, berkeley, port of oakland to san francisco. still looks clean this morning. live doppler 7 hd spinning up on mount st. helena waiting for that next storm going to have to wait a couple more days stretch of dry weather today and tomorrow before showers start too come in thursday. a few more 30s now fairfield third four, concord and santa rosa -- 30 fine, 40 los gatos everybody else in the 40s san francisco 51°. 37 in monterey, cool spot around the bay and inland 40s santa cruz, watsonville, near 50 salinas, 38 gilroy. in the afternoon another day of needing the sunglasses, high clouds and sun more than yesterday warme
ABC
Nov 8, 2012 11:00am PST
evidence that the economy is coming back and can support a huge mall. look at the line at starbucks one hour before the mall opened with >> brand new outlet store in the bay area we live in tracy we don't have many things close by. we have been waiting and anticipating for in mall to open. >> reporter: predictions are traffic on the 580 will be clogged throughout the grand opening weekend. mall executives have made plans to try and accommodate the crowd. >> we've created auxillary parking lots. we know there's a lot of excitement, we want to minimize the impact on 580. >> reporter: the mall has 130 stores and restaurants, all big brands, we did find one family owned walnut creek business among all these big names. the owner is excited and a little nervous about the number of shoppers here in the big leagues. >> they tell me 140,000, i have no concept what that is. we are going to do the best we can and it is going to be a learning experience for us. >> reporter: i kept you in mind, the deals are good i've seen 50%, 60% off of already low prices bloomingdale's seems to be the most po
ABC
Nov 8, 2012 4:00pm PST
the opening is more concrete evidence the economy is bumming -- coming back ask can support a new, huge mall. take a look at the line in starbucks. one hour before malls opened. >> you've got a brand new store in the bay area, we flif tracey and don't have things close by. we've been waiting for this mall to open up. >> it's predictions are that traffic will be clogged throughout the grand opening weekend. executives made plans to try and accommodate the crowds. >> we keep this thing flowing as best we can and allow it to minimize the affect. >> the mall has 130 stores and restaurants, big brand names you're likely familiar with. we did find one business among all of the big names. the owner of the company is excited and nervous about the number of shoppers here in the big league. >> we're going to do the best we can and it's going to be a learning exkbreerns for us. >> deals here are good. i've seen 50 and 60% off. one insider tells me some stores will probably take a loss to get attention and excitement here in this mall. j!q"p)e are serious shoppers here. amy hollyfield abc 7 n
ABC
Nov 7, 2012 4:00pm PST
. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything from solar energy companies to cloud-based companies. ash wagner has a small solar company with six emhoiys he wants to expand but selloff could
ABC
Nov 13, 2012 6:00am PST
the improving economy. >>> mothertrend named car of the year, tesla is taking home the prize. tesla model s sedan is the first car without a combustible engine to be named mothertrend car of the year the magazine raved about the -- motortrend car of the year. it gets equivalent of 118 miles per hour, motorfriend said it is one of the quickest -- smartphone customers are about to have a new option it isn't from apple or google, new release from blackberry. >>> holiday shopping season is almost here. michael finney looks at=x >>> high temperatures today mid to upper 60s for most of us low to mid 60s coast high clouds and sun, wet weather afternoon cooler weather on the way coming up in less than three minutes. >>> parent company of blackberry says new smartphones and captaining system will come out early next year they will day by january 30th, after a number of delays. you are looking at a prototype they are counting on the new phones to turn around the company's fortunes it has struggled and last significant market share to apple and google. >>> if you are looking to delight your li
ABC
Nov 8, 2012 6:00am PST
new bay area outlet mall, it features several high end stores. economy complete it will have 120 stores employee 2,000 and deliver two million dollars in tax revenue to the city. >> number three, protesters planning to demonstrate at grand opening of a chick-fil-a in walnut creek in two hours, protesting the company's donations to anti-gay organizations and for the public anti-gay stance the founder took this sumner. >> number four, in arizona sentencing scheduled today for jared loughner the man behind the shooting rampage that left six dead and wounded former woman gabrielle giffords and 12 others. she and her husband are tentatively scheduled to be in court for that hearing. >> number five, if you are heading out have an umbrella, new storm headed our way, first rain expected after the morning commute the bulk hitting most of the bay area by -- we'll let mike tell you about that. >>> it is quiet as far as radar returns go here but it is breezy and chilly this morning so be prepared for that, have your wet weather gear handy by 9:00, the rain is going to move in to the north ba
ABC
Nov 10, 2012 11:00pm PST
has been having a very good year. in fact one of the strongest economies in the country. but when california voters this week passed proposition 30, that's when phoenix business leaders decided, now is a great time to start searching for ceos to steal away. >> on election night, governor jerry brun celebrated the passage of proposition 30. 54% of voters decided to raise income taxes on the state's top earners and agreed to a hike in sales tax. >> we think the recent tax package that was passed that really targets what we call high performers or producers from an economic perspective, is going to start to dislodge the serial ceo management talent in places like silicon valley. >> in a bid turn that into an opportunity, the greater phoenix economic council launched a new program aimed at luring california companies away. >> we think this is going to happen. we know virginia, north carolina, texas, south carolina, are going to be in the market. talking to california businesses. we want to present an opportunity for phoenix. >> under the cal program. the phoenix group hopes to fly in
ABC
Nov 15, 2012 5:00am PST
will lead the world's number two economy and vocal calls for economic and political reform. >>> nasa and russia say they are still in control of the space station, even though construction workers severed a communications cable serving mission control near moscow. communication has been rerouted since they cannot send commands to parts of the lab. nasa sent this picture of the you aboard the space station. american astronaut ford among them. the cable damage could delay the return of the three astronauts. >>> next, the dale that clears the way for construction of a new controversial safeway store in oakland. >>> north bay university receives largest gift in its 122 year history. how the money will transform a mansion on campus into a state-of-the-art classroom. >>> welcome back. beautiful picture of san francisco to oakland from our sutro cam. increasing clouds today, chance of rain coming in tonight through the weekend. be prepared, today is the last dry day for a while. >>> 5:25. in oakland compromise has been reached between safeway and local residents on the expansion of a rock r
ABC
Nov 9, 2012 5:00am PST
deal. >> reporter: the congressional budget office says the economy will fall into a recession and analysts predict the unemployment rate will climb back up to 9% and there could be a delay in people receiving income tax returns. major consequences. >> nobody wants that. thank you. >>> while we are talking percentages time to turnover to mike and talk about what the chances are for showers or wet roads. >> heard it, the heavy rain, the thunder that accompanied the lightning. >>> couple bolts of lightning overnight especially concord and san francisco, causing the power outage there is, we had small hail fall through our thunderstorms as we talked about and there is still another chance of that best chance morgan hill and san martin southern sections of santa clara valley sliding south, gilroy get ready it is go to get wet in your neighborhoods. higher elevations under the radar and satellite, you can see it is getting color coded that means starting to mix some of the snow into our highest elevations like mount hamilton getting snow now quickly fading but it definitely left a dusti
ABC
Nov 16, 2012 4:30am PST
because of the improving economy. sfo says it expects to is see a 3% increase in passengers compared to last year. >> eric: with the weather moving in, we should be prepared for delays at sfo today. >> kristen: probably and for those driving to work, let's see the time line. >> good question. here is a look at the radar and we have it zoomed on sonoma county, san rafael, magnolia avenue all the way down to mill valley, best radar returns. if you are coming across the richmond-san rafael bridge you will run into wet weather. it goes to san pablo bay over to vallejo. springs road, that is an area along with 80 that is getting lighter rain right now. wall of water is down to the south. it will head towards the peninsula coast and then rotate up towards the northeast across the bay and over to the east bay. it's going to get here in about 45 minutes to an hour. solid rain for the morning commute. out ahead of that we'll have scattered light showers for the next hour or so. you can see how light there they are. visibility is doing well. we have a little bit of fog with the moisture in the ai
ABC
Nov 11, 2012 2:00am PST
of the strongest economies in the country. but when california voters this week passed proposition 30, that's when phoenix business leaders decided, now is a great time to start searching for ceos to steal away. >> on election night, governor jerry brun celebrated the passage of proposition 30. 54% of voters decided to raise income taxes on the state's top earners and agreed to a hike in sales tax. think the we think tx package that was passed that really targets what we call high performers or producers from an economic perspective, is going to start to dislodge the serial ceo management talent in places like silicon valley. >> in a bid turn that into an opportunity, the greater phoenix economic council launched a new program aimed at luring california companies away. >> we think this is going to happen. we know virginia, north carolina, texas, south carolina, are going to be in the market. talking to california businesses. we want to present an opportunity for phoenix. >> under the cal program. the phoenix group hopes to fly in 50 ceos, they're interested in leader with employees or
KOFY
Nov 12, 2012 9:00pm PST
there is one thing that is almost certain. fuel economy is a major deciding factor for 97 percent of customers. that's according to study by ford. well now with new federal regulations and rising gas prices abc 7 news reporter jonathan bloom has look tonight at the changing face of american automobiles. >> i'm about to test drive the the energy. the first ford you can fill up and also plug in. plug in hybrid is a great in between in terms of both hybrid and full electric vehicle because you really have the capability to do both but you don't have the range limitatio limitation. >>reporter: with 20 mile range on battery or over 600 with the gas tank the car decides which were to use. >> rate now i can flooring the pedal to use gas. did you notice the difference. >> gas kick in. >> or push button to go all electric. 30,000 dollars claims the car pays for itself by getting the electric equivalent of 100 miles per gallon. >> first to brick the million stone. centennial mail stone. of. >>reporter: electric cars nothing new for ford. in 1914 henry ford and firestone posed with edison tryin
Search Results 0 to 26 of about 27